Union Minister Shri Manohar Lal Launches Operational Guidelines for Urban Challenge Fund

• Urban Challenge Fund (UCF) is a ₹1 lakh crore central pool announced in Union Budget 2025-26 to catalyse market-led, competitive financing of urban infrastructure projects.
• Operational Guidelines + Credit Repayment Guarantee Sub-Scheme (CRGSS) launched by Union Minister Manohar Lal (MoHUA) on 15 April 2026 in New Delhi.
• Examinable for Prelims (scheme architecture, numbers) and Mains GS-II (urban governance) & GS-III (infrastructure financing).